2026-01-09 20:24:10

The recent rebound of BCH looks fierce, but it actually hides many risks. The 1-hour K-line surged to 642.00 and then quickly pulled back. Now, at 631.16, it has broken the support of the MA5, MA10, and MA20 moving averages. Technical indicators are also issuing warning signals—RSI(6) is only 40.52, clearly bearish; the MACD red bars are narrowing, and the DIF has just crossed above DEA, indicating a clear sign of weakening momentum. From the market perspective, it’s very obvious that the main force is unloading at high levels.

In terms of trading strategy, the current price of 631.16 can be directly shorted, with the stop-loss placed above the previous high of 642.00. The first target is 625.08 (the lowest price in 24 hours), and the second target further down is the previous low at 619.48. If you are a trend trader, hold firmly; for short-term trading, taking profits in stages at support levels is more prudent. The most critical point is to beware of the main force using this weak rebound to reverse and dump, as a break below key support could accelerate the downward trend.

BCH2.07%

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VitalikFanboy42

· 23h ago

The main force is selling off so obviously, I said that the 631 level can't hold Speaking of RSI being just over 40, it's indeed bearish, but this is when it's easiest to get hammered, be careful Anyone who still dares to buy the dip after all MA lines are broken is a brave warrior, I choose to stay on the sidelines The momentum decay is real, it feels like 619 is coming soon Brothers who bought in at high levels are probably not feeling good right now

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GateUser-cff9c776

· 23h ago

Ha, it's that same "main force dumping" script again. The supply and demand curve will never win people's hearts. The 632 price level is indeed performing a Schrödinger's rebound, both like a savior and a meat-cutting machine. Looking at this pace, BCH now is the perfect embodiment of this round of bear market philosophy—rising fiercely and dying even faster. The MA line is completely broken, RSI is only around 40... This is more chaotic than Dadaism. I bet there’s still hope for tomorrow. The group of people bottom-fishing in spot markets are probably about to learn what "art valuation" really means. Can 631 really go straight short? It looks like a false breakout to me. The reverse sell-off is the real showtime.

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ShadowStaker

· 23h ago

ngl, bch's distribution pattern screaming textbook whale accumulation facade... those ma crossovers collapsing while rsi flatlining around 40? classic liquidity trap setup imo. dif crossing dif barely registers as momentum anymore

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SilentAlpha

· 01-09 20:24

Here comes another round of chopping leeks, is it BCH this time? I've seen the main players' tricks of dumping many times, I dare not touch the 631 level. I really can't hold on anymore, the MA has broken, what trend are you still talking about? This is just a fall. RSI is still above 40 and you dare to go long? Aren't you just asking for death? Breaking the level is breaking the level, stop making excuses for yourself. Waiting at the 619 level, what's the rush? I think this time it will directly break through 625, and stop-loss becomes meaningless.

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